The reality of buying here and their laws that favor tenants over landlords may make the reality of buying and operating here difficult.What I wish I knew about mid-term rentals - hope this helps.Mid-term rental cleaning and maintenance fees are high, you will need to make enough profit to deal with them. 

I will post a short synopsis and when attorney fees are awarded in two weeks, I will post an in depth follow up.

Technically 7830 but I removed a $50 utility fee/unit which offsets single metered gas in the CF analysisPITI: $4613Phantom Cash Flow (Rents - PITI): ~$3000/monthActual Estimated CF: ~$1840/month assuming 3% vacancy, -350 for water/garbage (high because 4plex, and there is 6 bathrooms/4 laundry), $100/unit/month for repairs and turnover costs, $50/unit/month for CapExCash on cash return: 13%Yield on cost: 9%What made you interested in investing in this type of deal?

Spend time learning what makes a deal work on paper after fees, holding costs, and exit assumptions - that clarity saves a lot of wasted effort.Also, stay active here on BP.

If you get a clear answer from the city on the exact steps and fees before closing the whole thing gets a lot less scary.

KW charges too high of monthly fees.

Tenant damages can include attorney fees (ouch).

I am currently in contract on our first deal for a DCSR 30 year fixed, 6.99 rate at 1 point buy down with waived application and origination fees. 

Location, asset type, asset quality, basis, capital stack, tenant profile, lease structure, and tenant demand.

If you direct book, you’re generally responsible to pay the various municipal taxes and fees, which turn into a bookeeping nightmare.